EthHeavySellOff
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🔥🔥🔥#Ethereum Faces Heavy Profit-Taking at Key Resistance ~ Struggles Near $4K as Sellers Take Charge
Are $ETH bulls in trouble again?
Let’s break it down.🔥🔥🔥
Ethereum is seeing massive sell pressure, raising fears of another top forming.
On Tuesday, traders sold 115,400 more ETH than they bought via market orders—worth $418.8M, the second-largest sell imbalance ever, per CryptoQuant.
This intense selling comes as ETH tests the $3,600–$4,000 resistance zone—an area that has rejected price since 2021.
A similar setup in Dec 2024 led to a 66% drop.
If history repeats, ETH might revisit its 50-week #EMA ($2,736) or even 200-week EMA ($2,333), which would mean a 25–35% correction.
📉 Is this the start of a deeper ETH pullback?
#EthHeavySellOff
#InvestWisely
#SmartTraderLali
Are $ETH bulls in trouble again?
Let’s break it down.🔥🔥🔥
Ethereum is seeing massive sell pressure, raising fears of another top forming.
On Tuesday, traders sold 115,400 more ETH than they bought via market orders—worth $418.8M, the second-largest sell imbalance ever, per CryptoQuant.
This intense selling comes as ETH tests the $3,600–$4,000 resistance zone—an area that has rejected price since 2021.
A similar setup in Dec 2024 led to a 66% drop.
If history repeats, ETH might revisit its 50-week #EMA ($2,736) or even 200-week EMA ($2,333), which would mean a 25–35% correction.
📉 Is this the start of a deeper ETH pullback?
#EthHeavySellOff
#InvestWisely
#SmartTraderLali
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